Continuing Friday's sell-off, shares of Netflix (NASDAQ: NFLX) stock sank 5.2% through 9:55 a.m. ET Monday after the stock suffered a downgrade at the hand of NYC-based equity research firm CFRA. As StreetInsider.com reported this morning, CFRA cut its rating on Netflix from hold to sell with a $238 price target. Granted, a $238 price target on a stock that costs $9 less than $238 seems to suggest that CFRA should be recommending you buy Netflix rather than sell it. Read More...
Continuing Friday’s sell-off, shares of Netflix (NASDAQ: NFLX) stock sank 5.2% through 9:55 a.m. ET Monday after the stock suffered a downgrade at the hand of NYC-based equity research firm CFRA. As StreetInsider.com reported this morning, CFRA cut its rating on Netflix from hold to sell with a $238 price target. Granted, a $238 price target on a stock that costs $9 less than $238 seems to suggest that CFRA should be recommending you buy Netflix rather than sell it.
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